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Author Topic: Understanding Bitcoin unit divisions.  (Read 1991 times)
OLIGO
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November 15, 2017, 10:37:37 AM
 #21

Thanks! Grin
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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neon23
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November 18, 2019, 01:09:54 PM
 #22

Below, a brief summary of Bitcoin Units:

Code:
A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC.
In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.

Further examples of units
•1 BTC = 1,000 mBTC (millibitcoin)
•1 BTC = 1,000,000 μBTC (microbitcoin)
•1 BTC = 100,000,000 Satoshis
•1 mBTC = 100,000 Satoshis
•1 μBTC (microbitcoin) = 100 Satoshis

You only cover a part of existing units. There are also kBTC, hBTC, dBTC and cBTC. A explanation is provided on the following blog article I recently found https://cryptovoyager.wordpress.com/2019/10/19/the-units-in-bitcoin-a-detailed-explanation/
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